Financial giant Fidelity has modified its spot Ether ETF application to include a cryptocurrency staking provision.
The largest of these providers, Lido, currently holds $35 billion worth of Ethereum.
Since the spot Bitcoin ETF was approved last January, Fidelity has amassed approximately 132,570 Bitcoins (worth over $9 billion) as the first spot cryptocurrency exchange-traded commodity asset.
staking It actively participates in verifying transactions in the following Proof-of-Stake (PoS) blockchains. Ethereum ETH
-6.97%
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About the author
Lawrence Lewitinn is The Block’s North American editor-in-chief. Lewitinn has extensive experience as a financial journalist, working at CoinDesk, CNBC, TheStreet, Yahoo Finance, Observer, and Modern Consensus. His career also includes several years on Wall Street trading bonds, currencies and commodities for Millennium Management and MQS Capital. Lewitinn graduated from New York University, received an MBA from Columbia Business School, and a master’s degree in international relations from Columbia School of International and Public Affairs. He is a CFA Charterholder.